Uzbekistan set to subsidize loans for development of textile industry
Tashkent, Feb. 14 -- The Presidential decree of February 12 approved measures to further deepen the reforms and expand the export potential of the textile and garment industry.
A new order set to be introduced starting April 1, according to which:
a) costs associated with interest payments on loans of commercial banks allocated to sewing and knitting enterprises in 2019-2021, with exports totaling at least 80 percent of produced finished goods, are covered by the State Fund for Support of Entrepreneurship in the following order:
- in the amount of 25 percent of the interest rate established by the commercial bank on loans issued in the national currency to replenish working capital (for the purchase of yarn, cloth, fabrics and material...
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